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Nov 10, 2012 10:30pm EST
. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay more taxes. >> 2013 should be the year to begin our debt through tax reform and entitlement reform. >> reporter: if no agreement is reached, middle class americans could see a $2000 increase on taxes and the unemployment rate could jump back over 9%, spiraling the economy to another recession taxes related to obama's health care plan will be corrected. according to baron, over 1000 government programs will experience, quote, deep automatic cuts. with the fiscal deadline rapidly approaching, many economists ask, can the feat be accomplished in the time frames? >> what both parties need to do is stop the part son politics and go together and not leave the negotiating table u
Nov 7, 2012 10:00pm EST
the election back to a weak global economy and fixing this fiscal cliff descending on us. meantime sandy is taking its toll on the economy still. mortgage applications falling last week even with rates well below 4%. the super storm put a hold on potential homebuyers all along the eastern coast. airlines aren't taking any chances after sandy. they're already cancelling hundreds of flights because of that nor'easter that's dumping rain and snow across the entire eastern region just like last week when sandy grounded more than 20,000 flights. airlines waiting the usual re-- waiving the usual rescheduling fees that can run as much as 150 bucks. meanwhile shoppers are not pulling out plastic, credit card borrowing down nearly 3 billion bucks in september. consumers still clearly worried about taking on high interest debt as the economy keeps slowing down. that's business. i'm neil cavuto.   >> this fox 5 stock market report is brought to you by your lexus dealer. live life heroically.  >>> the man who made that controversial anti-muslim film will do a year
Nov 8, 2012 10:00pm EST
on the top two rates would cost our economy more than 700,000 jobs. >> reporter: many in the gop agree and say they remain philosophically opposed to increasing taxes. >> mr. president, we're not going to help you to get that done. the president has an insatiable appetite to tax and spend. >> reporter: the house speaker says solving a challenge of this enormity will be difficult during a lame duck session of congress, but he says lawmakers should be able to avert the cliff in the short term and work out a bigger deal next year. >>> expect to see a new people in place when president obama begins his second term in january, his cabinet expected to have a new look. attorney general eric holder hasn't made up his mind whether he's going to stay, same for homeland security secretary janet napolitano. secretary of state hillary clinton healthcare heck plans to leave. secretary timothy geithner also wants to move on but may not leave right away. >> people like secretary geithner have put a lot of energy into the issues related to the fiscal cliff and they're going to want to see it through.
Nov 14, 2012 10:00pm EST
economy. >> reporter: the president grew emotional when asked about republicans who had blasted u.n. ambassador susan rice for her comments opt benghazi attack adding that it would not affect her possible nomination as secretary of state. for them to go after the u.n. ambassador who had nothing to do with benghazi and was simply making a presentation based on intelligence that she had received and to beesmirch her reputation is outrageous. >> and in the wake of super storm sandy, the president made his most poignant comments yet on his belief in global warming. >> there have been an extraordinarily large number of severe weather events here in north america but also around the globe. and i am a firm believer that climate change is real. that it is impacted by human behavior and carbon emissions. >> president was also asked wednesday if he briefs he has a mandate. the president says he does and thinks that voters had a clear understanding of the two different paths that both he and mitt romney laid out during campaign. the president added that congress should pay attention to last
Search Results 0 to 3 of about 4